SPAC and New Issue ETF
$21.68−0.01 (−0.02%)
- 2.31%
- $8M
- −1.5%
- 16.56%
- 0M sh
- $21.75
- low $21.32high $25.95
The ETF.net SPCK Grade
D
Score 33 out of 100
- 7 of 8
Score 33 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F7 out of 100Rank 8 of 8Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B56 out of 100Rank 4 of 8Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C44 out of 100Rank 5 of 8Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B64 out of 100Rank 3 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D36 out of 100Rank 6 of 8
Our read on SPCK
DAn actively managed run at SPACs and freshly public companies, carried at a zero expense ratio while the rest of the IPO-and-spin-off aisle charges north of half a percent. Small and thinly traded, so your trade execution matters more than the fee line.
The Fund seeks total return. It is actively managed and invests at least 80% of assets in qualifying SPACs and companies that completed an IPO within the prior two years; it may also use swaps and hold cash or short-term debt for liquidity.
Why people hold it
- Zero expense ratio. The other funds hunting IPOs and spin-offs (FPX, CSD, IPO, FPXI) charge roughly 0.57% to 0.70%.
- Active, not index-bound: at least 80% of assets go to qualifying SPACs and companies that went public within the prior two years, with a manager picking which deals make the cut.
- Two exposures in one wrapper, pre-deal SPACs and recent IPOs, spread across roughly 130 positions instead of a handful of bets.
- One of the older dedicated SPAC vehicles on the market, trading since December 2020, so it has a live record through the boom and the hangover that followed.
Worth knowing
- Small and thinly traded. At this asset level the spread you pay getting in and out can swamp the fee you save.
- The ticker changed from SPCX to SPCK in April 2026, so older charts, screeners and articles may still be filed under the previous symbol.sec.govsec.gov
- Narrow mandate tied to the deal pipeline. The fund may also use swaps and park money in cash or short-term debt for liquidity, and it distributes at most a couple of times a year.
SPCK Holdings
- Stocks
- 47
- 37%
- CCII
Sectors
- Financials96.8%
- Technology3.0%
- Utilities0.2%
Geography
- United States87.86%
- Cayman Islands5.28%
- France3.20%
- Mexico3.02%
- Taiwan0.64%
SPCK Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
SPCK$9,852
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SPCK |
|---|---|
| Year to date | −0.4% |
| 1 month | −1.7% |
| 3 months | −2.5% |
| 1 year | −1.5% |
| 3 years | +3.4% |
| 5 years | −1.7% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SPCK |
|---|---|---|
| 2026 YTD | −0.4% | |
| 2025 | +7.8% | |
| 2024 | +2.8% | |
| 2023 | −4.1% | |
| 2022 | −12.2% | |
| 2021 | +9.3% | |
| 2020 | +3.0% |
SPCK in the news
SPCK Dividends
- 16.56%
- $3.59
- $0.49 per share
- Irregular
Distribution history
SPCK Risk
- 5.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.14
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SPCK Cost
2.31%
SPCK2.31%
- The middle half of IPO & Spin-Off funds
- Median 0.70%
Every other IPO & Spin-Off fund charges less.
Other funds in IPO & Spin-Off
- BIPORenaissance IPO ETFExpense ratio 0.60%1 year return +5.7%
- CFPXIFirst Trust International Equity Opportunities ETFExpense ratio 0.70%1 year return +15.6%
- CFPXEFirst Trust IPOX Europe Equity Opportunities ETFExpense ratio 0.70%1 year return +2.4%
- DSPAQHorizon Kinetics SPAC Active ETFExpense ratio 0.85%1 year return +2.1%
- DIPOSRenaissance International IPO ETFExpense ratio 0.80%1 year return +24.2%